Current EXXI Stock Info

The board of directors of Energy XXI (ticker EXXI) announced on March 12, 2014, the company acquired EPL Oil & Gas (ticker: EPL) for a total consideration of $2.3 billion, consisting of about $1 billion in cash (65% of total consideration) and about 23.4 million common shares of Energy XXI (35%).  The per-share consideration for EPL is $39, a 34% premium to the close of business on March 11, 2014.

Proforma1 for the transaction:

EXXI will control 10 of the largest oil fields in the Gulf of Mexico (GOM) shelf;
Total daily production is 65...


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